https://wealthynhappyy.blogspot.com/2020/09/blog-post.html lifestyle changes to make if you want to get rich. | Lifestyle blog

lifestyle changes to make if you want to get rich.

 As self-made millionaire and author Steve Siebold writes in “How Rich People Think,” he has benefited from a life-changing realization: “To get rich, I had to learn to think like a rich person. Once I changed my thinking, the money started to flow.”

And, he notes, “the only way to learn how to think like a rich person is to study them.”

Here are eight lifestyle changes that have helped Siebold and other self-made millionaires build wealth. If you’re looking to change your life in 2019, they could work for you

Generate two incomes—or more

The richest people focus on earning, and typically they aren’t content with one source of revenue.

As author Thomas C. Corley found in his multi-year study of self-made millionaires, the rich “do not rely on one singular source of income,” he writes in “Change Your Habits, Change Your Life.” In fact, “65 percent had at least three streams of income that they created prior to making their first million dollars,” Corley says, such as real-estate rentals, a side hustle or a part-time job.

Build relationships with successful people

Your community matters. It can even affect your net worth, says Siebold: “In most cases, your net worth mirrors the level of your closest friends. … We become like the people we associate with, and that’s why winners are attracted to winners.”

Corley agrees: “Wealthy, successful people are very particular about who they associate with,” he writes. “Their goal is to develop relationships with other success-minded individuals.” If you don’t know have highly motivated people in your network, Corley suggests joining a professional group.

Save to invest

Investing money is how you will get super rich, ” says self-made millionaire Grant Cardone. “The only reason to save money is to one day invest money.”

In fact, how much you save and invest is often more important than the size of your paycheck. Personal finance expert Ramit Sethi writes in “I Will Teach You to Be Rich” that, “on average, millionaires invest 20 percent of their household income each year. Their wealth isn’t measured by the amount they make each year, but by how they’ve saved and invested over time.”  

Akanksha

Author & Editor

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